La Bank of Japan it confirmed the current line of ultra-expansive monetary policy without introducing new stimuli to the economy. The increase in the monetary base will continue to travel at the rate of 60-70 trillion yen a year. The decision, reads the note from the Central Bank of Japan, was unanimous. According to the BoJ, the country's economy continued to recover moderately.
Also in the wake of the news arrived from the central institute, the Nikkei index of the Tokyo Stock Exchange it closed down by 1,36%, at 14.606,88 points. The losses on US tech stocks weighed on the market.
The negative tone of the market, which was also affected by the new strengthening of the yen on the currency markets against the dollar, also affected the Topix Index, which finished trading down by 22,28 points, at 1.174,56 points, for a drop of 1,86% on the previous reference. Volatility was low, with volumes remaining low, at levels equal to 1,97 billion shares changed hands during the session.